
The Fractals of Finance: Richard Brennan on Complex Adaptive Markets and the Real OODA Loop
From No Way Out by Mark McGrath and Brian "Ponch" Rivera
May 27, 2026 · 1h 32m · Episode 167
About this episode
Richard Brennan discusses the unpredictability of markets and the importance of aligning with price rather than predicting it.
Send us Fan Mail Most investors lose because they are running a predictive model in a system that punishes prediction. Richard Brennan has spent decades building the alternative: align with price instead of predicting it. Richard Brennan is a trend follower, complex adaptive systems researcher, and author of The Fractals of Finance and Complex Adaptive Markets. He joins Mark McGrath and Brian "Ponch" Rivera on No Way Out for a conversation about why the market cannot be predicted, why it can ...
People in this episode
Hosts: Mark McGrath, Brian "Ponch" Rivera
Guest: Richard Brennan
Topics covered
- finance
- investing
- market prediction
- complex adaptive systems
- trend following
Keywords
- finance
- investing
- market prediction
- complex adaptive systems
- trend following
- Richard Brennan
Mentioned in this episode
Books & works: The Fractals of Finance, Complex Adaptive Markets
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